henry blodgett joins us from new york city. good to see you as always. >> thanks for having me. >> and obviously this is a stock that people have tremendous profits in, so to the extend they want to take advantage of lower capital gains, that makes more sense. more fundamentally, they're in sort of a product hold here. they bakley came out with everything in the last few months, we're going to go through this period where they probably won't have anything exciting to announce for a while, now the television has been delayed unit next fall, according to gene muenster. then growth is slowing, and more importantly the margin is likely to compress. that's the big thing that worries me. they're going to go to a lower marge margin of mix products. it's hard to see stocks rise in the face of a compressing market. you have downside protection unless the thing completely falls apart. so i think the valuation is actually help 68 here. >> if apple has a disappointing season, where does the stock go? >> i don't know. i think it would certa